Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

Rachel Roy retains a minority interest in the business and has 100 percent creative control of her name. She continues as chief creative officer of the business.

The acquisition is Topson’s first of a branded business. Its portfolio consists of primarily private label brands for its retail partners, mostly in the juniors category and broader contemporary space. Topson has already hired Denise Johnston as president for the Rachel Roy business. Daniel Abramovitch, a Topson partner, will head up the Rachel Roy operation as chief executive officer.

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@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)